1 ## **Future Dharma Fund** **A Charitable Incorporated Organisa9on whose only vo9ng members are its charity trustees** **Trustees’ annual report for the period 1[st] January 2023 to 31[st] December 2023** **Charity name: Future Dharma Fund Charity number: 1167344** Future Dharma Fund. Charity number: 1167344 2 ## **Future Dharma Fund** ## **Financial Statements** **For the Year Ended 31[st] December 2023** |**Contents:**|**Page:**| |---|---| |Legal and Administra>ve Informa>on|3| |Trustees Report|4 - 8| |Statement of Financial Ac>vi>es|9| |Balance Sheet|10| |Notes forming part of the fnancial statements|11| Future Dharma Fund. Charity number: 1167344 3 ## **Legal and Administra9ve Informa9on:** Charity Name: Future Dharma Fund Charity Registra>on Number: 1167344 Registered Office and Opera>onal Address: Adhisthana Coddington Court, Coddington Ledbury, Herefordshire HR8 1JL ## **Trustees in the year ending 31[st] December 2023:** Dr. Paramabandhu Groves (a.k.a. Paramabandhu), represen>ng the Triratna Preceptor’s College Ms. Mary Healy (a.k.a Subhadrama>), represen>ng the Triratna Preceptor’s College Mr. Eliot Francis Franks (a.k.a. Arthavadin), represen>ng the Triratna Interna>onal Council Ms. Elisabeth Petronella Maria Witschge (a.k.a. Gunabhadri), represen>ng the Triratna European Chair’s Assembly Mr. Ksan>kara Alexander Green (a.k.a. Ksan>kara), represen>ng the Triratna Trust (Interna>onal Order Office) Mr Benjamin Brewer (a.k.a Jnanadhara) represen>ng the European Chairs Assembly Mr Simon Harry Oliver Moss (a.k.a. Vajrapriya) represen>ng the Triratna Trust (Interna>onal Order Office) ## **Appointments in 2023** Mr Simon Harry Oliver Moss (a.k.a. Vajrapriya) represen>ng the Triratna Trust (Interna>onal Order Office) was appointed on 10/10/2023 ## **Resigna9ons in 2023** Ms. Jvalamalini Bloom (a.k.a. Jvalamalini), represen>ng the Triratna Trust (Interna>onal Order Office) resigned on 26/06/2023 ## **Secretary:** Mr Xxx Nandavajra ## **Bankers:** Coopera>ve Bank, Head Office, PO Box 101, 1 Balloon Street, Manchester, M60 4EP. Future Dharma Fund. Charity number: 1167344 4 ## **FutureDharma Fund Trustees Report for the year ended 31[st] December 2023** The trustees present their report and financial statements for the year ended 31st December 2023. ## **Objec9ves and Ac9vi9es** The Object of the CIO is, for the public benefit, the advancement of the Buddhist religion, in par>cular by: 1. encouraging members and others to live in accordance with the teachings of Buddha; 2. suppor>ng ordained members of the Triratna Buddhist community and other duly ordained Buddhists, at the discre>on of the charity trustees of the CIO; 3. maintaining close communica>on with and working under the guidance of the Triratna Buddhist Order and in coopera>on with other groups with the same or similar objects; and 4. using applica>ons of the Buddha’s teaching to promote the health and well-being of all. ## **Ac9vi9es for Achieving Objec9ves** During the year this work was furthered through the following ac>vi>es: - Conduc>ng fundraising through individual giving, major gies and legacy gies from ordained members and others within the Triratna Buddhist Community. - Further development of the necessary infrastructure, processes, team and working prac>ces for the effec>ve func>oning of the charity, including media produc>on, database development and maintenance, developing the website infrastructure to enable project specific fundraising, and the development of interna>onal payment gateways for a range of currencies. - Provision of funding for projects and ini>a>ves resourcing the Triratna Buddhist Community, including ac>vi>es that are for the public benefit. To this end, FutureDharma Fund con>nues to follow the strategic priori>es of the Triratna Interna>onal Council and uses them as guidance in making funding award decisions. - Non-funding related ini>a>ves to resource the Triratna Buddhist Community: - Providing supporter care and marke>ng to Tiratanaloka Unlimited project, to fundraise for a new, bigger and more suitable premise for Tiratanaloka (FWBO Sarana), the women’s ordina>on training centre in the UK. - Resources for Dublin Buddhist Centre to run their fundraising appeal in October to December 2023. We lent one staff member for a week to manage the appeal, and provided coaching and advice. Dublin Buddhist Centre raised over €100,000, including over €23,000 p.a. of regular dona>ons. - Funding a centre development grant that gave consultancy services to Buddhist centres around the UK and Europe. The centres who engaged the consultant were supported to increase their income and fundraising capaci>es. - Con>nued development of the grant applica>on process for rigour, simplicity and to gather a broader range of informa>on, par>cularly local informa>on, to support the priori>sa>on of funding awards. - Recrui>ng new Trustees from our partner bodies to fill representa>ve gaps and replace those stepped down or completed their 3-year term. ## **Grant making Policies** Future Dharma Fund. Charity number: 1167344 5 The income of FutureDharma Fund is made up of dona>ons from individuals within the Triratna Buddhist Community. Applica>ons for grants are invited from projects and organisa>ons within the Triratna Buddhist Community whose aims and objec>ves are similar to those of the FutureDharma Fund and whose ac>vi>es and ini>a>ves will serve the strategy and priori>es set by the FutureDharma Trustees every 3 to 5 years. Applica>ons are assessed by a grants board, appointed by the trustees. Grants and annual budgets are discussed and reviewed at mee>ngs of the trustees. A report from the projects receiving grants are considered at a subsequent trustee mee>ng, especially if poten>al ongoing funding is to be considered. ## **Achievement and performance** ## **Review of Ac9vi9es** As stated the charity's income comes mainly from dona>ons from individuals within the Triratna Buddhist Community. Effort has been made to maximise this income, including giving donors and prospec>ve donors good informa>on about the work of the fund and broadening the fundraising base with a mix of one-off major dona>ons, regular standing order dona>ons and legacies. The budget for expenditure for the year is based on dona>ons received and pledges made in rela>on to fundraising campaigns. The budget set allows for the non-payment of a percentage of the pledges. There is a reserves policy (see below) to cover the possibility of unforeseen expenditures, a number of donors not mee>ng a pledge or a fundraising campaign not reaching its target. ## The Future Dharma Fund provides funding to a network of Triratna Buddhist Centres, Buddhist groups and other projects in the UK and beyond who work with the general public, promo>ng health and well-being through courses and events in medita>on, mindfulness and Buddhism. The Charity also makes grants to projects that provide religious educa>onal resources and online informa>on on medita>on and Buddhism as well as publica>ons on medita>on and Buddhism. ## **Partnership with India Dhamma Trust** At the end of 2019, we entered into a partnership with India Dharma Trust (IDT), which is a sister charity, taking on their grant making commitments in return for dona>on receipts. Laura Hamilton (Vajratara), the chair of IDT, alends our trustee mee>ngs, though she does not have vo>ng rights. In 2023, balance brought forwards was £38,565, and we received a total of £101,946 from the IDT partnership. Of this amount, £87,499 was granted to projects, £25,487 was allocated to administra>ng the partnership and £27,525 is carried over as funds restricted to Indian projects. ## **Financial Review** During the year, Future Dharma Fund received a total income of £404,774 and had total costs of £472,649 resul>ng in a nega>ve cashflow of £65,081. In 2022, we generated a deficit of £79,431. This was partly due to fundraising income being lower than expected and not having claimed gie aid for the financial year (es>mated at £30,000) due to a change in database systems. Cost of living increases have affected our ability to fundraise, and meant that the opera>onal costs were higher. While we did not reduce headcount in 2023 to manage costs, we will con>nue to monitor the situa>on closely and may do so in the future. Future Dharma Fund. Charity number: 1167344 6 In terms of expenditure, our grants programme decreased from £291,618 in 2022 to £251,074 in 2023. This does not include programmes team costs, or any other non financial programmes support. ## **Going Concern** Aeer making appropriate enquiries, the trustees have a reasonable expecta>on that the charity has adequate resources to con>nue in opera>onal existence for the foreseeable future. For this reason, they con>nue to adopt the going concern basis in preparing the financial statements. Further details regarding the adop>on of the going concern basis can be found in the Accoun>ng Policies. ## **Investment Policy** The Future Dharma Fund is a fundraising and grant awarding body and therefore has no plans for significant long-term investment. Aside from retaining a prudent amount in reserves each year, the majority of the charity’s funds are spent in providing annual grants. However, the charity does, at >mes, hold reserves in savings accounts. ## **Reserves Policy** The trustees have examined the charity’s requirements for reserves in the light of the major risks to the organisa>on. Currently the charity’s policy is that uncommiled unrestricted funds should meet or exceed 3 months of the charity’s annual expenditure, including known grant liabili>es (except for grants to chari>es that themselves hold reserves). This reserve provides leeway and response >me should one or more supporters not meet a major financial pledge or if significant unforeseen expenditure arises. This reserves policy will be regularly reviewed depending on circumstances and amended as required. ## **Structure, Governance and Management** ## **Governing Document** The organiza>on is a Charitable Incorporated Organisa>on, whose only vo>ng members are its charity trustees and was registered as a charity on 25[th] May 2016. The company was established under a cons>tu>on which established the objects and powers of the charity and is governed under the ar>cles of its cons>tu>on. ## **Organisa9onal structure and appointment of trustees** Future Dharma Fund has a trustee body of up to 7 members who meet between 3 and 6 >mes a year and are responsible for the strategic direc>on and policy of the charity. The members of the CIO are its trustees and the only people eligible to be members of the CIO are the trustees. Trustees represent and are appointed by ‘sister’ chari>es within the Triratna Buddhist Community who share the same aims and objec>ves as the Future Dharma Fund. Currently these are the Triratna Trust, the Triratna Preceptors College Trust, The Triratna European Chairs Assembly and the Triratna Interna>onal Council. The trustees are elected and appointed by these partner bodies, not the exis>ng FutureDharma Trustees board. The trustees serve for up to a three-year period, when they are required to stand down. They can be reappointed for further periods, if re-elected by their appoin>ng charity. The Trustees are required to report back to their appoin>ng charity on a regular basis and to represent the strategy and priori>es of the charity that they are represen>ng. Future Dharma Fund. Charity number: 1167344 7 Drawing the trustees from the sister chari>es helps to ensure that trustees will have the necessary skills and perspec>ve to guide and oversee Future Dharma Fund. All the trustees already have many years of involvement in the Triratna Buddhist Community and a number of years’ experience of trusteeship of Buddhist chari>es. ## **Trustee Induc9on and Training** As indicated above, as members of exis>ng chari>es the trustees will have a background in the governance of other Buddhist chari>es. In addi>on, resources are made available to them such as a Trustees Handbook and further guidance from the Charity Commission. ## **Responsibility of the Trustees** Charity law requires the trustees to prepare financial statements each year which give a true and fair view of the state of affairs of the charity at the balance sheet date, and of both incoming resources, and applica>on of resources for the financial year. In preparing those financial statements, the trustees should follow best prac>ce and: - Select suitable accoun>ng policies and then apply them consistently - Make judgements and es>mates that are reasonable and prudent; and - Prepare the financial statements on the going concern basis unless it is inappropriate to assume the CIO will con>nue on that basis. The trustees are responsible for maintaining proper accoun>ng records which disclose with reasonable accuracy at any >me the financial posi>on of the charity. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the preven>on and detec>on of fraud and other irregulari>es. ## **Members of the Trustee Body** The trustees, who served during the year and up to the date of this report, are set out on page 3. ## **FutureDharma Team** Over the course of the year the charity employed a team equivalent of 8.3 full >me posts (FTE), including team members who are self-employed. As many roles are part->me and there were a number of headcount changes, in total the charity employed 15 individuals during the course of the year. Collec>vely known as the Future Dharma Team, these people work under the Team Director to implement the aims, objec>ves, strategy and priori>es of the charity and, in par>cular, to conduct fundraising and manage the grant applica>on process. All team members, including the Team Director, are responsible to the trustees. ## **Risk Management** The Future Dharma team and trustees conduct an annual review of the major risks to which the charity is exposed. A risk register has been established and is updated annually. Where appropriate, systems or procedures will be established to mi>gate any likely and significant risks the charity faces. The possibility of fundraising not achieving its targets has led to a policy on reserves and the diversifica>on of fundraising will be further explored and developed. Internal control risks have been Future Dharma Fund. Charity number: 1167344 8 minimised by the implementa>on of procedures for authoriza>on of financial transac>ons for amounts over defined thresholds, as defined by an expenditure authority limits policy. ## **Plans for future periods** ## **Future Developments** The Charity will con>nue with the work and ac>vi>es that fulfil its objec>ves and principle ac>vi>es namely, (i) encouraging members and others to live in accordance with the teachings of Buddha, (ii) suppor>ng ordained members of the Triratna Buddhist community and other duly ordained Buddhists, at the discre>on of the charity trustees of the CIO, (iii) maintaining close communica>on with and working under the guidance of the Triratna Buddhist order and in coopera>on with other groups with the same or similar objects, and (iii) using applica>ons of the Buddha’s teaching to promote the health and well-being of all. Subject to fundraising success grants will be awarded to a range of projects throughout the Triratna Buddhist Community Interna>onal who share the same aims and objec>ves as the Future Dharma Fund and whose purpose and ac>vi>es serve the strategy and priori>es of the charity. ## **Declara9ons** The trustees declare that they have approved the trustees’ report above Signed on behalf of the charity’s trustees Signature Full name(s) Paramabandhu Groves Posi>on Chair Date 20/08/2024 Future Dharma Fund. Charity number: 1167344 |Future dDharma Fund|Future dDharma Fund|Future dDharma Fund|1167344|| |---|---|---|---|---| |Annual accounts for theperiod||||| |Period start date|01/01/2023|To|31/12/2023|| ## **Section A Statement of financial activities** |**Recommended categories by**
**activity**
**Incoming resources (Note 3)**
**Income and endowments from:**
Donations and legacies
Charitable activities
Other
**Resources expended (Note 6)**
**Expenditure on:**
Raising funds
Charitable activities
Other
Net gains/(losses) on investments
**_Reconciliation of funds:_**
**_Total_**
**_Net movement in funds_**
Total funds brought forward
**_Total funds carried forward_**
**_Total_**
**Net income/(expenditure) before investment**
**gains/(losses)**
**Net income/(expenditure)**
**Transfers between funds**|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Total funds**
**Prior year**
**funds**
**£**
**£**
**£**
**£**
F01
F02
F04
F05|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Total funds**
**Prior year**
**funds**
**£**
**£**
**£**
**£**
F01
F02
F04
F05|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Total funds**
**Prior year**
**funds**
**£**
**£**
**£**
**£**
F01
F02
F04
F05|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Total funds**
**Prior year**
**funds**
**£**
**£**
**£**
**£**
F01
F02
F04
F05| |---|---|---|---|---| ||180,450|140,592|321,042|431,659| ||-|8,483|8,483|3,454| ||75,250|-|75,250|-| ||255,700|149,075|404,774|435,113| |||||| ||99,547|-|99,547|71,579| ||243,868|114,661|358,528|427,176| ||14,574|-|14,574|15,790| ||357,989|114,661|472,649|514,545| |||||| ||102,289
-|34,414|67,875
-|79,431
-| ||2,794|-|2,794|-| ||99,495
-|34,414|65,081
-|79,431
-| ||31,336|31,336
-|-|-| |||||| ||68,159
-|3,078|65,081
-|79,431
-| |||||| ||200,448|42,268|242,717|322,148| ||132,289|45,346|177,636|242,717| ## **Section B Balance sheet** |**Fixed assets**
**Tangible assets (Note 14)**
**_Total fixed assets_**
**Current assets**
**Debtors (Note 19)**
**Cash at bank and in hand (Note 24)**
**_Total current assets_**
**Creditors: amounts falling due within**
**one year (Note 20)**
**_Net current assets/(liabilities)_**
**_Total assets less current liabilities_**
**_Total net assets or liabilities_**
**Funds of the Charity**
**Restricted income funds (Note 27)**
**Unrestricted funds**
**_Total funds_**
Signed by one or two trustees on behalf of all
the trustees|**Total this year**
**Total last year**
**£**
**£**
F04
F05|**Total this year**
**Total last year**
**£**
**£**
F04
F05| |---|---|---| ||1,022|2,233| ||1,022|2,233| |||| ||34,105|490| ||166,855|244,568| ||200,960|245,058| |||| ||24,346|4,574| |||| ||176,615|240,484| |||| ||177,636|242,717| |||| ||177,636|242,717| |||| ||45,346|200,448| ||132,289|42,268| ||177,636|242,717| |||| |||Date of approval
dd/mm/yyyy| |||| |||| CC17a (Excel) 05/08/2024 2 **Section C Notes to the accounts** ## Note 1 **Basis of preparation** ## _**This section should be completed by all charities** ._ ## **1.1 Basis of accounting** These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The accounts have been prepared in accordance with: - the Statement of Recommended Practice: Accounting and Reporting by Charities - • and with*  preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 - • and with*  the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) - and with the Charities Act 2011. The charity constitutes a public benefit entity as defined by  FRS 102.* - -Tick as appropriate ## **1.2 Going concern** _**If there are material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern, please provide the following details or state "Not applicable", if appropriate:**_ An explanation as to those factors that support _**Not applicable**_ the conclusion that the charity is a going concern; Disclosure of any uncertainties that make the _**Not applicable**_ going concern assumption doubtful; Where accounts are not prepared on a going _**Not applicable**_ concern basis, please disclose this fact together with the basis on which the trustees prepared the accounts and the reason why the charity is not regarded as a going concern. ## **1.3 Change of accounting policy** The accounts present a true and fair view and the accounting policies adopted are those outlined in note { }. Yes*  No* ## **1.4 Changes to accounting estimates** No changes to accounting estimates have occurred in the reporting period (3.46 FRS 102 SORP). Yes*  No* ## **1.5 Material prior year errors** No material prior year error have been identified in the reporting period (3.47 FRS 102 SORP). Yes*  No* CC17a (Excel) 05/08/2024 3 **Section C Notes to the accounts (cont)** ## **Note 2 Accounting policies 2.2 INCOME** |**Recognition of income**
The cost of any stock of goods donated for distribution to beneficiaries is deemed to be
the fair value of those gifts at the time of their receipt and they are recognised on
receipt. In the reporting period in which the stocks are distributed, they are recognised
as an expense at the carrying amount of the stocks at distribution.
**Support costs**
The charity has incurred expenditure on support costs.
Donated services and facilities that are consumed immediately are recognised as
income with an equivalent amount recognised as an expense under the appropriate
heading in the SOFA.
**Donated services and**
**facilities**
Donated services and facilities are included in the SOFA when received at the value of
the gift to the charity provided the value of the gift can be measured reliably.
Donated goods for resale are measured at fair value on initial recognition, which is the
expected proceeds from sale less the expected costs of sale, and recognised in
'Income from other trading activities' with the corresponding stock recognised in the
balance sheet. On its sale the value of stock is charged against 'Income from other
trading activities' and the proceeds from sale are also recognised as 'Income from
other trading activities'.
Goods donated for on-going use by the charity are recognised as tangible fixed assets
and included in the SoFA as incoming resources when receivable.
Gifts in kind for use by the charity are included in the SoFA as income from donations
when receivable.
**Tax reclaims on**
**donations and gifts**
Gift Aid receivable is included in income when there is a valid declaration from the
donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift
and is treated as an addition to the same fund as the initial donation unless the donor or
the terms of the appeal have specified otherwise.
Membership subscriptions which gives a member the right to buy services or other
benefits are recognised as income earned from the provision of goods and services as
income from charitable activities.
**Volunteer help**
The value of any voluntary help received is not included in the accounts but is described
in the trustees’ annual report.
**Settlement of insurance**
**claims**
Insurance claims are only included in the SoFA when the general income recognition
criteria are met (5.10 to 5.12 FRS102 SORP) and are included as an item of other
income in the SoFA.
In the case of performance related grants, income must only be recognised to the
extent that the charity has provided the specified goods or services as entitlement to the
grant only occurs when the performance related conditions are met (5.16 FRS 102
SORP).
**Legacies**
Legacies are included in the SOFA when receipt is probable, that is, when there has
been grant of probate, the executors have established that there are sufficient assets in
the estate and any conditions attached to the legacy are either within the control of the
charity or have been met.
**Government grants**
The charity has received government grants in the reporting period
Donated goods are measured at fair value (the amount for which the asset could be
exchanged) unless impractical to do so.
**Income from interest,**
**royalties and dividends**
This is included in the accounts when receipt is probable and the amount receivable can
be measured reliably.
**Income from membership**
**subscriptions**
Membership subscriptions received in the nature of a gift are recognised in Donations
and Legacies.
These are included in the Statement of Financial Activities (SoFA) when:
 the charity becomes entitled to the resources;
· it is more likely than not that the trustees will receive the resources; and
 the monetary value can be measured with sufficient reliability.
**Donated goods**
**Contractual income and**
**performance related**
**grants**
**Offsetting**
There has been no offsetting of assets and liabilities, or income and expenses, unless required
or permitted by the FRS 102 SORP or FRS 102.
**Grants and donations**
Grants and donations are only included in the SoFA when the general income
recognition criteria are met (5.10 to 5.12 FRS102 SORP).
This is only included in the SoFA once the charity has provided the related goods or
services or met the performance related conditions.|Yes
No
N/a|Yes
No
N/a|Yes
No
N/a| |---|---|---|---| ||||| ||Yes
No
N/a||| ||||| ||Yes
No
N/a||| ||||| ||Yes
No
N/a||| ||||| ||Yes
No
N/a||| ||||| ||Yes
No
N/a||| ||||| ||Yes
No
N/a||| ||||| ||Yes
No
N/a||| ||||| ||Yes
No
N/a||| ||||| ||Yes
No
N/a||| ||||| ||Yes
No
N/a||| ||||| ||Yes
No
N/a||| ||||| ||Yes
No
N/a||| ||||| ||Yes
No
N/a||| ||||| ||Yes
No
N/a||| ||||| ||Yes
No
N/a||| ||||| ||Yes
No
N/a||| ||||| ||Yes
No
N/a||| ||||| ||Yes
No
N/a||| ||||| ||Yes
No
N/a||| ||||| ||Yes
No
N/a||| ||||| |**2.4 ASSETS**
**Intangible fixed assets**
**Heritage assets**
**Current asset**
**investments**
The charity has has investments which it holds for resale or pending their sale and cash and
cash equivalents with a maturity date less than one year. These include cash on deposit and
cash equivalents with a maturity date of less than one year held for investment purposes rather
than to meet short term cash commitments as they fall due.
**Debtors**
Debtors (including trade debtors and loans receivable) are measured on initial recognition at
settlement amount after any trade discounts or amount advanced by the charity. Subsequently,
they are measured at the cash or other consideration expected to be received.
**Deferred income**
No material item of deferred income has been included in the accounts.
Goods or services provided as part of a charitable activity are measured at net realisable value
based on the service potential provided by items of stock.
Work in progress is valued at cost less any foreseeable loss that is likely to occur on the
contract.
The charity accounts for basic financial instruments on initial recognition as per
paragraph 11.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17
to 11.19, FRS102 SORP.
**Creditors**
The charity has creditors which are measured at settlement amounts less any trade
discounts
**Provisions for liabilities**
A liability is measured on recognition at its historical cost and then subsequently
measured at the best estimate of the amount required to settle the obligation at the
reporting date
**Basic financial**
**instruments**
**Stocks and work in**
**progress**
Stocks held for sale as part of non-charitable trade are measured at the lower or cost or net
realisable value.
They are valued at cost.
The charity has intangible fixed assets, that is, non-monetary assets that do not have
physical substance but are identifiable and are controlled by the charity through custody
or legal rights. The amortisation rates and methods used are disclosed in note 9.5
They are valued at cost.
The charity has heritage assets, that is, non-monetary assets with historic, artistic,
scientific, technological, geophysical or environmental qualities that are held and
maintained principally for their contribution to knowledge and culture. The depreciation
rates and methods used as disclosed in note 9.6.1.4.
**Tangible fixed assets for**
**use by charity**
The depreciation rates and methods used are disclosed in note 9.2.
These are capitalised if they can be used for more than one year, and cost at least
They are valued at cost.
**Investments**
Fixed asset investments in quoted shares, traded bonds and similar investments are
valued at initially at cost and subsequently at fair value (their market value) at the year
end. The same treatment is applied to unlisted investments unless fair value cannot be
measured reliably in which case it is measured at cost less impairment.
Investments held for resale or pending their sale and cash and cash equivalents with a
maturity date of less than 1 year are treated as current asset investments
**2.3 EXPENDITURE AND LIABILITIES**
**Liability recognition**
Support costs include central functions and have been allocated to activity cost
categories on a basis consistent with the use of resources, eg allocating property costs
by floor areas, or per capita, staff costs by the time spent and other costs by their
usage.
**Redundancy cost**
The charity made no redundancy payments during the reporting period.
Liabilities are recognised where it is more likely than not that there is a legal or
constructive obligation committing the charity to pay out resources and the amount of
the obligation can be measured with reasonable certainty.
**Investment gains and**
**losses**
Where the charity gives a grant with conditions for its payment being a specific level of
service or output to be provided, such grants are only recognised in the SoFA once the
recipient of the grant has provided the specified service or output.
**Grants payable without**
**performance conditions**
Where there are no conditions attaching to the grant that enables the donor charity to
realistically avoid the commitment, a liability for the full funding obligation must be
recognised.
**Grants with performance**
**conditions**
**Governance and support**
**costs**
Support costs have been allocated between governance costs and other support.
Governance costs comprise all costs involving public accountability of the charity and its
compliance with regulation and good practice.
This includes any realised or unrealised gains or losses on the sale of investments and
any gain or loss resulting from revaluing investments to market value at the end of the
year.|Yes
No
N/a|Yes
No
N/a|Yes
No
N/a| |---|---|---|---| ||||| ||Yes
No
N/a||| ||
||| ||Yes
No
N/a||| ||||| ||Yes
No
N/a||| ||||| ||Yes
No
N/a||| ||||| ||Yes
No
N/a||| ||||| ||Yes
No
N/a||| ||||| ||Yes
No
N/a||| ||||| ||Yes
No
N/a||| ||||| ||Yes
No
N/a||| ||||| ||Yes
No
N/a||| ||||| ||Yes
No
N/a||| ||||| ||Yes
No
N/a||| ||||| ||Yes
No
N/a||| ||||| ||Yes
No
N/a||| ||||| ||Yes
No
N/a||| ||||| ||Yes
No
N/a||| ||||| ||Yes
No
N/a||| ||||| ||Yes
No
N/a||| ||||| ||Yes
No
N/a||| ||||| ||Yes
No
N/a||| ||||| ||Yes
No
N/a||| ||||| ||Yes
No
N/a||| ||||| ||Yes
No
N/a||| They are valued at fair value except where they qualify as basic financial instruments.  **Section C Notes to the accounts (cont)** ## **Note 3 Analysis of income** |**Note 3 Analysis of income**|**Analysis of income**|**Analysis of income**|**Analysis of income**|**Analysis of income**|**Analysis of income**|**Analysis of income**| |---|---|---|---|---|---|---| |**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**£**
**£**
**Donations**
Donations andgifts
149,300 140,592 - 289,892 410,746
Gift Aid
31,150 - - 31,150 20,913
Grants from other charities
50,000 - - 50,000 -
Income from consultancy
250 -
250
Income from funding partners
25,000
25,000
**Total** 255,700 140,592 - 396,292 431,659
**Charitable**
**activities:**
Third party appeals
- 8,483 - 8,483 3,454
**Total** - 8,483 - 8,483 3,454
255,700 149,075 - 404,774 435,113
**Other information:**
Investment income in 2023 totalled £2,974
**TOTAL INCOME**
**Analysis**|**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**£**
**£**
**Analysis**|||||| ||Donations andgifts|149,300|140,592|-|289,892|410,746| ||Gift Aid|31,150|-|-|31,150|20,913| ||Grants from other charities|50,000|-|-|50,000|-| ||Income from consultancy|250|-||250|| ||Income from funding partners|25,000|||25,000|| ||**Total**|255,700|140,592|-|396,292|431,659| |||||||| ||Third party appeals|-|8,483|-|8,483|3,454| |||-|8,483|-|8,483|3,454| |||||||| |||255,700|149,075|-|404,774|435,113| |||Investment income in 2023 totalled £2,974||||| |**All income in the prior year was unrestricted except for:**
**(please provide description and amounts)**||ECA - Central Media Projects £10,000, India Dhamma Trust transfers
£43,791, India Restricted donations £10,918, Venezuela £1,000. Third-
party appeals: Valderrobes £2,626, Welsh Translation Grwp Bwddaeth
Gymraeg £828 Translations £660||||| CC17a (Excel) 05/08/2024 7 ## **Section C Notes to the accounts (cont)** ## **Note 6 Analysis of expenditure** |**Analysis**
**Expenditure on raising funds:**|**Unrestricted**
**funds**
**Restricted**
**income funds**
**Total funds**
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Total funds**
**£**
**£**
**This year**
**Last year**|**Unrestricted**
**funds**
**Restricted**
**income funds**
**Total funds**
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Total funds**
**£**
**£**
**This year**
**Last year**|**Unrestricted**
**funds**
**Restricted**
**income funds**
**Total funds**
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Total funds**
**£**
**£**
**This year**
**Last year**|**Unrestricted**
**funds**
**Restricted**
**income funds**
**Total funds**
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Total funds**
**£**
**£**
**This year**
**Last year**|**Unrestricted**
**funds**
**Restricted**
**income funds**
**Total funds**
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Total funds**
**£**
**£**
**This year**
**Last year**|**Unrestricted**
**funds**
**Restricted**
**income funds**
**Total funds**
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Total funds**
**£**
**£**
**This year**
**Last year**|**Unrestricted**
**funds**
**Restricted**
**income funds**
**Total funds**
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Total funds**
**£**
**£**
**This year**
**Last year**| |---|---|---|---|---|---|---|---| |Incurred seekingdonations|98,371|-|98,371||69,586|-|69,586| |Advertising,marketing,direct mail and|1,176|-|1,176||1,993|-|1,993| |**Total expenditure on raising funds**|99,547|-|99,547||71,579|-|71,579| |**Expenditure on charitable activities:**|||||||| |Cost ofgrants made|136,413|114,661|251,074||165,754|125,864|291,618| |Future Dharma Team|107,454|-|107,454||135,558|-|135,558| |**Total expenditure on charitable**|243,868|114,661|358,528||301,312|125,864|427,176| |**Other**|||||||| |Governance|775||775||617||617| |Operatingexpenses|13,799||13,799||15,173||15,173| |**Total other expenditure**
**TOTAL EXPENDITURE**|14,574||14,574||15,790||15,790| ||357,989|114,661|472,649||388,681|125,864|514,545| CC17a (Excel) 05/08/2024 8 ## **Section C Notes to the accounts** ## **Note 10 Details of certain items of expenditure** ## **10.1 Fees for examination of the accounts** _**Please provide details of the amount paid for any statutory external scrutiny of accounts and other services provided by your independent examiner. If nothing was paid please enter '0' in the appropriate box(es).**_ |**Other fees (for example: financial advice, consultancy, accountancy services) paid**
**to the independent examiner**
**Independent examiner’s fees**|**This year**
**£**|**Last year**
**£**| |---|---|---| ||175|175| ||375|375| CC17a (Excel) 05/08/2024 9 ## **Section C Notes to the accounts (cont)** ## **Note 11 Paid employees** ## _**Please complete this note if the charity has any employees.**_ ## **11.1 Staff Costs** |**This year:**
**Last year:**
**Salaries and wages**
**Social security costs**
**Other employee benefits**
**Total staff costs**
**Pension costs (defined contribution scheme)**
**Please provide details of expenditure on staff working for the**
**charity whose contracts are with and are paid by a related party**
**Please provide details of expenditure on staff working for the**
**charity whose contracts are with and are paid by a related party**|**This year**
**£**|**Last year**
**£**| |---|---|---| ||137,408|138,994| ||1,373|7,460| ||5,635|5,560| ||-|-| ||144,416|152,014| |||| ||None|| |||| ||None|| _**Please give details of the number of employees whose total employee benefits (excluding employer pension costs) fell within each band of £10,000 from £60,000 upwards. If there are no such transactions, please enter 'true' in the box provided.**_ **No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000** ## **TRUE** |**Thisyear**|**Lastyear**| |---|---| |**£**|**£**| |62,433
|63,776| **Please provide the total amount paid to key management personnel (includes trustees and senior management) for their services to the charity. For specific amounts paid to trustees, see Note 28.** CC17a (Excel) 05/08/2024 10 ## **11.2 Average head count in the year** **The parts of the charity in which the employees work** ||**This year**
**Number**|**Last year**
**Number**| |---|---|---| |**Fundraising**|3.6|2.5| |**Charitable Activities**|4.7|5.4| |**Governance**|-|-| |**Other**|-|-| |**Total**|8.3|7.9| ## **11.3 Ex-gratia payments to employees and others (excluding trustees)** _**Please complete if an ex-gratia payment is made.**_ ## **Please explain the nature of the payment** Laptop leaving gift to Amalavajra, Fundraising **This year** lead Cash leaving gift to Amalavajra, Fundraising **Last year** lead |**Please state the amount of the payment (or value of any waiver of**
**a right to an asset)**|**Thisyear**|**Lastyear**| |---|---|---| ||**£**|**£**| ||751|2,304| CC17a (Excel) 05/08/2024 11 **Section C Notes to the accounts (cont)** **Note 12 Defined contribution pension scheme or defined benefit scheme accounted for as a defined contribution scheme.** ## _**12.1 Please complete this note if a defined contribution pension scheme is operated.**_ |**Please explain the basis for allocating the liability and expense of**
**defined contribution pension scheme between activities and**
**between restricted and unrestricted funds.**
**Amount of contributions recognised in the SOFA as an expense**|**Thisyear**|**Lastyear**| |---|---|---| ||**£**|**£**| ||5,635|5,560| |||| ||unrestricted|unrestricted| CC17a (Excel) 05/08/2024 12 **Section C Notes to the accounts (cont)** ## **Note 13 Grantmaking** _**Please complete this note if the charity made any grants or donations which in aggregate form a material part of the charitable activities undertaken.**_ ## **This year:** ## **13.1 Analysis of grants paid (included in cost of charitable activities)** |**Analysis**|**institutions**|**Grants to individuals**|**Support costs**|**Total**| |---|---|---|---|---| ||||**£**|**£**| |Major Projects|213,771|15,852|-|229,622| |Smallgrants|12,582|8,870|-|21,452| |**_Total_**|**226,353**|**24,722**|**-**|**251,075**| ## **13.2 Grants made to institutions** |**Major Projects**|**Major Projects**|**Major Projects**|**Major Projects**|| |---|---|---|---|---| |**Names of institution**||**Purpose**||**Total amount of**
**grantspaid £**| |The Buddhist Centre Online(Dharmachakra)||Ongoingfundingof charityneeds||71,700| |TBMSG Nagpur - India Communications Project||Supporting an online Triratna resource for
Hindi speakers||2,990| |Triratna Institute - Indian ordinations team
(Sadarshanabhoomiproject)||Supporting ordination teams in India||83,219| |Triratna Trust(Order Office)||FundingInternational Communications Officer||5,570| |Triratna Chairs Assembly - International Movement Co-
ordinator||Supporting activities of a co-ordinator
internationally||14,125| |Urgyen Sangharakshita Trust||Continuation of Sangharakshita Complete
Works project||11,500| |Preceptors college - Sikkhaproject||supportingdevelopment of teachingresources||10,762| |Windhorse Publications||Ongoingfundingof charityneeds||7,000| |Sudarshanaloka||Installingheatingat retreat centre||12,342| |Returnedgrants||||- 5,437| |**_Total Major grants to institutions in reporting period_**||||**213,771**| |||||| |**Names of institution**||**Purpose**||**Total amount of**
**grants paid £**| |Centro Mandala Valderrobres||Developing Buddhist activities||6,603| |Vancouver Buddhist Centre||Supporting dharma activities in Vancouver||3,000| |Adhisthana||Changemakers - supporting activities to
develop future Triratna leaders||1,326| |Triratna South Wales - Welsh
Translation Group||Translating Dharma texts into Welsh||1,653| |**_Total Small grants to institutions in reporting period_**||||**12,582**| |**_TOTAL GRANTS PAID TO INSTITUTIONS_**
**_Total grants to institutions in reporting period_**
**_Other unanalysed grants_**||||**226,353**| |||||-| |||||**226,353**| |**Last year:**
**13.3 Analysis of grants paid (included in cost of charitable activities)**||||| ||||**£**|**£**| |Central Projects|-|-|-|-| CC17a (Excel) 05/08/2024 13 |Smallgrants|15,749|3,800|-|19,549| |---|---|---|---|---| |Third Partyappealgrants|-|-|-|-| |||||| |**_My charity has made grants to particular institutions that are material in the_**
**_context of its grantmaking. Details of the institution supported, purpose of the_**
**_grant and totalpaid to each institution is available on the charity's web site._**|||**_Yes_**|**_Please provide_**| ||||**_No_**|
**_Provide details_**
**_below_**| |||||| |**Names of institution**||**Purpose**||**Total amount of**
**grants paid £**| |The Buddhist Centre Online||Ongoing funding of charity needs||80,000| |TBMSG Nagpur - India Communications Project||Supporting an online Triratna resource for
Hindi speakers||3,707| |TBMSG Nagpur - Indian movement Coordinator||Supporting activities of a co-ordinator in India||9,063| |Triratna Institute - Indian ordinations team
(Sadarshanabhoomi project)||Supporting ordination teams in India||97,578| |Merida buddhist Centre - Venezuela||Developing sangha in Merida||7,700| |Image archive project||Supporting development of Triratna image
archive||14,033| |Preceptors college - International Council||Ongoing funding of charity needs||33,896| |Triratna Chairs Assembly - International Movement Co-

||Supporting activities of a co-ordinator


||3,531| |~~di~~
~~t~~
Preceptors college - Sikkha project||~~i t~~
~~ti~~
~~ll~~
supporting development of teaching resources||- 10,568| |Windhorse Publications||Ongoing funding of charity needs||21,500| |Triratna Brixton||Creation of app for Life with Full Attention||3,000| |Buddhafield||Supporting Buddhafield activities||3,000| |Cuernavaca||Supporting dharma activities in Mexico||1,001| |Oslo online retreat centre||Supporting dharma activities in Oslo||1,987| |Scarborough Buddhist Group||Developing sangha in Scarbourough||2,930| |Triratna Toluca||Supporting dharma activities in Mexico||2,581| |Preceptors college - International||Bursaryfund to attend Dharma life course in||1,250| |**_TOTAL GRANTS PAID_**
**_Other unanalysed grants_**
**_Total grants to institutions in reporting period_**||||**276,189**| |||||-| |||||276,189| CC17a (Excel) 05/08/2024 14 ## **Section C Notes to the accounts** ## **Note 14 Tangible fixed assets** _**Please complete this note if the charity has any tangible fixed assets**_ **14.1 Cost or valuation** |At the beginning of the year
Additions
Revaluations
Transfers *
At end of the year
****Basis**
**** Rate**
At beginning of the year
Disposals
Depreciation
Impairment
At end of the year
Net book value at the beginning of the year
Net book value at the end of the year
**14.3 Net book value**
**14.2 Depreciation and impairments**|**Computers**
**£**|**Total**
**£**| |---|---|---| ||2,905|2,905| ||-|-| ||-|-| ||-|-| ||2,905|2,905| |||| ||Straight Line|Straight Line| ||0.25|0.25| |||| ||671|671| ||751|751| ||461|461| ||-|-| ||1,883|1,883| |||| ||2,234|2,234| ||1,022|1,022| CC17a (Excel) 05/08/2024 15 ## **Section C Notes to the accounts (cont)** ## **Note 19 Debtors and prepayments** |**19.1 Analysis of debtors**
**Accrued Gift Aid**
**Prepayments and accrued income**
**Total**|**This year**
**£**|**Last year**
**£**| |---|---|---| ||25,000.0|| ||9,105|490.0| ||34,105|490.0| ## **Note 20 Creditors and accruals** ## **20.1 Analysis of creditors** |
**Accrued expenses**
**Other liabilities**
**Payroll liabilities**
**Total**|**Amounts falling due**|**Amounts falling due**| |---|---|---| ||**This year**
**£**|**Last year**
**£**| ||2,643|| ||20,000|| ||1,703|4,415| ||~~24,346~~|~~4,415~~| ## **Note 24 Cash at bank and in hand** |**Cash at bank and on hand**
**Total**|**This year**
**£**|**Last year**
**£**| |---|---|---| ||166,855|244,568| ||~~166,855~~|~~244,568~~| CC17a (Excel) 05/08/2024 16 ## **Section C Notes to the accounts (cont)** ## **Note 27 Charity funds** ## **27.1 Details of material funds held and movements during the CURRENT reporting period** _**Please give details of the movements of material individual funds in the reporting period together with a balancing figure for 'Other funds'. The 'Total funds' figure below should reconcile to 'Total funds' in the balance sheet.**_ _*** Key: PE - permanent endowment funds; EE - expendible endowment funds; R - restricted income funds, including special trusts, of the charity; and U - unrestricted funds**_ |**_funds_**||||||||| |---|---|---|---|---|---|---|---|---| |**Fund names**|**Type PE, EE**
**R or UR ***|
**Purpose and Restrictions**|**Fund**
**balances**
**brought**
**forward**
**£**|**Income**
**£**|**Expenditure**
**£**|**Transfers**
**£**|**Gains and**
**losses**
**£**|**Fund**
**balances**
**carried**
**forward**
**£**| |General funds|UR|Unrestricted funds|200,449|258,494|- 357,989|31,336||132,289| |European Chairs Assembly|R|Mediaprojects(Buddhist Centre Online)|-|10,000|- 10,000|||-| |India Dhamma Trust - Legacy &
transfers|R|Legacy & supporting ordination teams in
India|38,565|101,946|- 87,499|- 25,487||27,525| |India (inc. for India Dhamma
Trust)|R|SupportingDharma activities in India||23,396||- 5,849||17,547| |Sudarshanaloka|R|installingheatingat retreat centre||7,578|- 7,573|||4| |International leadershipcourse|R|Burseries from Adhisthana for those from
low income countries to attend the 4 week
international course at Adhisthana|250|||||250| |Puebla|R|DevelopingBuddhist activities|-|450|- 450|||-| |Translations|R|Translations of dharma texts|-|4,299|- 4,299|||-| |Thirdpartyappeal: Valderobes|R|DevelopingBuddhist activities|2,626|885|- 3,511|||-| |Third party appeal: Welsh
translation|R|Translation of dharma texts into Welsh|828|20|- 828|||20| |Small Grants Fund|R|TODO||500|- 500|||-| |**_Other funds_**|**N/a**|**N/a**|-|-|-|-|-|-| |**Total Funds**|||242,717|407,568|- 472,649|-|-|177,636| CC17a (Excel) 05/08/2024 17 **Section C Notes to the accounts (cont)** **Note 27 Charity funds (cont.)** ## **27.2 Details of material funds held and movements during the PREVIOUS reporting period** _**Please give details of the movements of material individual funds in the reporting period together with a balancing figure for 'Other funds'. The 'Total funds' figure below should reconcile to 'Total funds' in the blanace sheet.**_ ## _*** Key: PE - permanent endowment funds; EE - expendible endowment funds; R - restricted income funds, including special trusts, of the charity; and U - unrestricted funds**_ |**_funds_**||||||||| |---|---|---|---|---|---|---|---|---| |**Fund names**|**Type PE, EE**
**R or UR ***|
**Purpose and Restrictions**|**Fund**
**balances**
**brought**
**forward**
**£**|**Income**
**£**|**Expenditure**
**£**|**Transfers**
**£**|**Gains and**
**losses**
**£**|**Fund**
**balances**
**carried**
**forward**
**£**| |General funds|UR|Unrestricted funds|210,132|365,330|- 388,681|13,667|-|200,449| |European Chairs Assembly|R|Mediaprojects(Buddhist Centre Online)|-|10,000.00|- 10,000|-|-|-| |India Dhamma Trust - Legacy &
transfers|R|Legacy & supporting ordination teams in
India|109,858|43,791.00|- 104,136|- 10,948|-|38,565| |India (inc. for India Dhamma
Trust)|R|SupportingDharma activities in India|659|10,878.37|- 8,817|- 2,720|-|- 0| |International leadershipcourse|R|low income countries to attend the 4 week
international course at Adhisthana|1,500||- 1,250|-|-|250| |Merida Buddhist Centre -
Venezuala|R|DevelopingBuddhist activities|-|1,000.00|- 1,000||-|-| |Translations|R|Translations of dharma texts|-|660.00|- 660||-|-| |Thirdpartyappeal: Valderobes|R|DevelopingBuddhist activities||2,626.16||||2,626| |Third party appeal: Welsh
translation|R|Translation of dharma texts into Welsh||828.00||||828| |**_Other funds_**|**N/a**|**N/a**|-|-|-|-|-|-| |**Total Funds**|||322,148|435,113|- 514,545|-|-|242,717| CC17a (Excel) 05/08/2024 18 ## **Section C Notes to the accounts (cont)** ## **Note 27 Charity funds (cont)** ## **27.3 Transfers between funds** ## **This year** |**Thisyear**||| |---|---|---| ||**Reason for transfer and where endowment is converted to**
**income, legalpower for its conversion**|**Amount**| |From restricted to
unrestricted funds|Transfer of 25% fundraising & supporter care costs from donations to
India Dhamma Trust & other donations for activities in India.|£ 31,336| ## **Last year** |**Lastyear**||| |---|---|---| ||**Reason for transfer and where endowment is converted to**
**income, legal power for its conversion**|**Amount**| |Between unrestricted and
restricted funds|Transfer of 25% fundraising & supporter care costs from donations to
India Dhamma Trust & other donations for activities in India|£ 13,667| CC17a (Excel) 05/08/2024 19 ## **Section C Notes to the accounts (cont)** ## **Note 28 Transactions with trustees and related parties** ## **28.1 Trustee remuneration and benefits** ## **This year** **None of the trustees have been paid any remuneration or received any other benefits from an employment with their TRUE charity or a related entity (True or False) Last year TRUE None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity (True or False)** ## **28.2 Trustees' expenses** _**If the charity has paid trustees expenses for fulfilling their duties, details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box below. If there are transactions to report, please enter "False".**_ |**No trustee expenses have been incurred (True or False)**||**_FALSE_**| |---|---|---| |||| |**Type of expenses reimbursed**|**This year**|**Last year**| ||**£**|**£**| |**Travel**|225|117| |**TOTAL**|225|117| |**Please provide the number of trustees reimbursed for expenses or who had expenses paid**
**by the charity**||| ||3|1| **Please provide the number of trustees reimbursed for expenses or who had expenses paid by the charity** ## **28.3 Transaction(s) with related parties** _**Please give details of any transaction undertaken by (or on behalf of) the charity in which a related party has a material interest, including where funds have been held as agent for related parties. If there are no such transactions, please enter 'true' in the box provided.**_ ## **This year** |**There have been no related party transactions in the reporting period (True or False)**|**There have been no related party transactions in the reporting period (True or False)**|**There have been no related party transactions in the reporting period (True or False)**|**There have been no related party transactions in the reporting period (True or False)**|**There have been no related party transactions in the reporting period (True or False)**|**There have been no related party transactions in the reporting period (True or False)**|**_FALSE_**|**_FALSE_**| |---|---|---|---|---|---|---|---| ||||||||| |**Name of the trustee or**
**related party**|**Relationship**
**to charity**|**Description of the transaction(s)**|**Amount**|**Balance at**
**period end**|**Provision for bad debts**
**at period end**||**Amounts**
**written off**
**during**
**reporting**
**period**
| ||||**£**|**£**|**£**||**£**| |Arthavadin (Eliot Franks)|Future
Dharma
Trustee|Arthavadin is the International
Council Convenor. A grant was
paid to the Preceptors College to
support this role and an assistant.|£ 8,527||||| |Jnanadhara (Benjamin
Brewer)|Future
Dharma
Trustee|Jnanashara is the International
Movement Coordinator. A grant
was paid to the Triratna Chairs'
Assemblyto support this role.|£ 14,125||||| CC17a (Excel) 05/08/2024 20 ## **Last year** |**Last year**|**Last year**|**Last year**|**Last year**|**Last year**|**Last year**||| |---|---|---|---|---|---|---|---| |**There have been no related party transactions in the reporting period (True or False)**||||||**_FALSE_**|| ||||||||| |**Name of the trustee or**
**related party**|**Relationship**
**to charity**|**Description of the transaction(s)**|**Amount**|**Balance at**
**period end**|**Provision for bad debts**
**at period end**||**Amounts**
**written off**
**during**
**reporting**
**period**
| ||||**£**|**£**|**£**||**£**| |Arthavadin (Eliot Franks)|Future
Dharma
Trustee|Arthavadin is the International
Council Convenor. A grant was
paid to the Preceptors College to
support this role and an assistant.|£ 33,896|0|||| CC17a (Excel) 05/08/2024 21 CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examinerfs Report Report to the trusteesl members of Future Dharma Fund On accounts for the year ended 3111212023 Charity no (If any) 1167344 I report to the trustees on my examination of the accounts of the above charity (Ihe Trust.) for the year ended 3111212023. Responsibilities and As the charity trustees. you are responsible for the preparation of the basis of report accounts in accordan￿ with the Charities Act 2011 (Yhe Acr). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in Garying out my examination, I have followed all the applicable Directions given by the Chartty Commission under section 145(5}{b) of the Act. Independent I have completed my examination. I confimi that no material matters have examinerfs statement come to my attention in connection with the examination which gives me cause to believe that in, any material respect,: the accounting records W￿re not kept in accordan￿ with section 130 of the Act,. or the accounts dtd not accord with the accounting records., or the accounts did not comply with the applicable requirements can￿MIng the fom and content of accounts set OLrt in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a Irue and fairf view which is not a matter considered as part of an independent examination. I have no conoms and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Signed: Date: 0510812024 Name: Fay Pritchard MAAT Relevant professional qualification(sl or body (if any): Address". 8 Darwin Street Shrewsbury SY3 8QE